Dow Rises 150 Points; US Jobless Claims Increase To 230,000

U.S. stocks traded higher this morning, with the Dow Jones gaining over 150 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.49% to 33,763.59 while the NASDAQ rose 0.35% to 10,997.36. The S&P 500 also rose, gaining, 0.43% to 3,950.66.

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Leading and Lagging Sectors

Energy shares rose by 2% on Thursday. Meanwhile, top gainers in the sector included Transocean Ltd. RIG, up 9%, and Ardmore Shipping Corporation ASC, up 5%.

In trading on Thursday, utilities shares dipped by 0.3%.

Top Headline


US initial jobless claims rose by 4,000 to 230,000 in the week ending December 3, matching market estimates.


Equities Trading UP


  • Pharvaris N.V. PHVS shares shot up 90% to $4.97 after the company reported top-line Phase 2 data from the RAPIDe-1 study of PHVS416 for the on-demand treatment of HAE attacks. The primary endpoint and all secondary endpoints were met.
  • Shares of Hello Group Inc. MOMO got a boost, shooting 35% to $7.10 after the company reported better-than-expected Q3 results.
  • Ciena Corporation CIEN shares were also up, gaining 18% to $51.06 after the company reported better-than-expected Q4 sales results.


Equities Trading DOWN

  • Eiger BioPharmaceuticals, Inc. EIGR shares tumbled 74% to $0.9949 after the company announced topline primary Week 48 data from its Phase 3 D-LIVR study of lonafarnib in two regimens in patients with chronic Hepatitis Delta Virus (HDV).
  • Shares of Relmada Therapeutics, Inc. RLMD were down 56% to $1.85 after the company said the RELIANCE trial for REL-1017 did not meet the primary endpoint.
  • Design Therapeutics, Inc. DSGN was down, falling 42% to $7.42 after the company reported data from its single-ascending dose trial of DT-216 for the treatment of Friedreich ataxia and portfolio progress.

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In commodity news, oil traded up 2.2% to $73.62 while gold traded up 0.1% at $1,798.80.

Silver traded up 1.3% to $23.23 on Thursday while copper rose 0.9% to $3.8935.


Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.4%, London’s FTSE 100 fell 0.2% while Spain’s IBEX 35 Index fell 0.7%. The German DAX declined 0.4%, French CAC 40 fell 0.4% and Italy’s FTSE MIB Index fell 0.3%.


Asia Pacific Markets

Asian markets closed mixed on Thursday, with the Japan’s Nikkei dropping 0.40% and Hong Kong’s Hang Seng Index jumping 3.38%. China’s Shanghai Composite Index fell 0.07%.

The gauge for Japan's service sector sentiment fell by 1.8 points from the previous month to 48.1 in November, while value of loans in Japan climbed 2.7% year-over-year in November. Japan recorded a deficit of JPY 64.1 billion in October, while the country’s economy contracted an annualized 0.8% during the third quarter.



US initial jobless claims rose by 4,000 to 230,000 in the week ending December 3, matching market estimates.


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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 101,104,270 cases with around 1,108,810 deaths. India confirmed a total of at least 44,675,280 cases and 530,640 deaths, while France reported over 38,259,830 COVID-19 cases with 159,450 deaths. In total, there were at least 651,761,810 cases of COVID-19 worldwide with more than 6,652,430 deaths.

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